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Finance Cost
Calculation Input:
Calculation Output:
Insights on the above Finance Cost Calculation
Reverse the calculation
Find out how much you can afford to borrow based on a monthly payment that you can afford at the interest rates that you may be offered.
Calculating Opportunity Cost
By tweaking the loan amount, loan term, and interest rate, you can get a sense of the possible overall cost. You will see that as the term of the loan increases, your monthly payments go down, but the overall cost of the loan (the total paid) rises. Be sure to consider any fees that you may be charged.
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